Theoretical Perspectives on Purposes and Users of Integrated Reporting: A Literature Review

  • Maria-Teresa SpezialeEmail author
Part of the CSR, Sustainability, Ethics & Governance book series (CSEG)


This chapter provides a critical narrative literature review with the aim of answering the following research question: What are the main theoretical perspectives in the academic literature on integrated reporting? We analysed the academic papers published on international accounting and finance journals from January 2000 to September 2017, focusing on 62 articles that explicitly refer to one or more theories. We found that 28 different theories are mentioned and the most used are stakeholder theory, institutional theory, legitimacy theory, impression management theory, and agency theory. We also presented an embryonic draft of a conceptual model, structured in four components: theories of the firm, purposes and users, types of integrated reporting, and value creation and distribution. We deem that this draft should be developed in future research to achieve a comprehensive conceptual model, inclusive of all explored theories and able to support future academic research, practice, and policies.


  1. Abeysekera, I. (2013). A template for integrated reporting. Journal of Intellectual Capital, 14(2), 227–245.CrossRefGoogle Scholar
  2. Adams, C. A. (2015). The international integrated reporting council: A call to action. Critical Perspectives on Accounting, 27, 23–28.CrossRefGoogle Scholar
  3. Adams, S., & Simnett, R. (2011). Integrated reporting: An opportunity for Australia’s not-for-profit sector. Australian Accounting Review, 21(3), 292–301.CrossRefGoogle Scholar
  4. Adams, C. A., Potter, B., Singh, P. J., & York, J. (2016). Exploring the implications of integrated reporting for social investment (disclosures). The British Accounting Review, 48(3), 283–296.CrossRefGoogle Scholar
  5. Alexander, D., & Blum, V. (2016). Ecological economics: A Luhmannian analysis of integrated reporting. Ecological Economics, 129, 241–251.CrossRefGoogle Scholar
  6. Ambachtsheer, K. P. (2016). Pension organizations and integrated reporting. In K. P. Ambachtsheer (Ed.), The future of pension management: Integrating design, governance, and investing (pp. 87–92). Hoboken, NJ: Wiley.CrossRefGoogle Scholar
  7. Atkins, J., & Maroun, W. (2015). Integrated reporting in South Africa in 2012: Perspectives from South African institutional investors. Meditari Accountancy Research, 23(2), 197–221.CrossRefGoogle Scholar
  8. Baboukardos, D., & Rimmel, G. (2016). Value relevance of accounting information under an integrated reporting approach: A research note. Journal of Accounting and Public Policy, 35(4), 437–452.CrossRefGoogle Scholar
  9. Balashova, N. N., Šilerová, E., & Melikhov, V. A. (2015). Developing the methodology to form integrated reporting of Agroholdings in the Russian Federation. Agris On-Line Papers in Economics and Informatics, 7(4), 19–29.Google Scholar
  10. Bartocci, L., & Picciaia, F. (2013). Towards integrated reporting in the public sector. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 191–204). Cham: Springer.CrossRefGoogle Scholar
  11. Beck, C., Dumay, J., & Frost, G. (2017). In pursuit of a “single source of truth”: From threatened legitimacy to integrated reporting. Journal of Business Ethics, 141(1), 191–205.CrossRefGoogle Scholar
  12. Bernardi, C., & Stark, A. W. (2016). Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts. The British Accounting Review, 50, 16–31.CrossRefGoogle Scholar
  13. Boonlua, S., & Phankasem, S. (2016). Engagement in integrated reporting: Evidence from the international integrating reporting council adoption framework. Journal of Business and Retail Management Research, 10(3), 126–136.Google Scholar
  14. Bouten, L., & Hoozée, S. (2015). Challenges in sustainability and integrated reporting. Issues in Accounting Education, 30(4), 373–381.CrossRefGoogle Scholar
  15. Brown, J., & Dillard, J. (2014). Integrated reporting: On the need for broadening out and opening up. Accounting, Auditing & Accountability Journal, 27(7), 1120–1156.CrossRefGoogle Scholar
  16. Buitendag, N., Fortuin, G. S., & De Laan, A. (2017). Firm characteristics and excellence in integrated reporting. South African Journal of Economic and Management Sciences, 20(1), 1–8.CrossRefGoogle Scholar
  17. Burke, J. J., & Clark, C. E. (2016). The business case for integrated reporting: Insights from leading practitioners, regulators, and academics. Business Horizons, 59(3), 273–283.CrossRefGoogle Scholar
  18. Busco, C., Frigo, M. L., Quattrone, P., & Riccaboni, A. (2013a). Towards integrated reporting: Concepts, elements and principles. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 3–18). Cham: Springer.CrossRefGoogle Scholar
  19. Busco, C., Frigo, M. L., Riccaboni, A., & Quattrone, P. (2013b). Integrated reporting: Concepts and cases that redefine corporate accountability. Cham: Springer.CrossRefGoogle Scholar
  20. Buys, P. W., & Van Niekerk, E. (2014). The South African financial services industry’s integrated reporting compliance with the global reporting initiative framework. Banks and Bank Systems, 9(4), 107–115.Google Scholar
  21. Caliskan, A. O., & Esen, E. (2016). Inseparable parts of sustainability: Business, climate change, and integrated reporting. In M. A. Gonzalez-Perez & L. Leonard (Eds.), Climate change and the 2030 corporate agenda for sustainable development, advances in sustainability and environmental justice (Vol. 19, pp. 25–43). Bingley: Emerald Group Publishing.CrossRefGoogle Scholar
  22. Carels, C., Maroun, W., & Padia, N. (2013). Integrated reporting in the South African mining sector. Corporate Ownership and Control, 11(1), 991–1005.CrossRefGoogle Scholar
  23. Cavazzoni, C., & Orlandi, F. (2013). The relationship between multinational enterprises and territory in the integrated reporting. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 171–190). Cham: Springer.CrossRefGoogle Scholar
  24. Chaidali, P., & Jones, M. J. (2017). It’s a matter of trust: Exploring the perceptions of integrated reporting preparers. Critical Perspectives on Accounting, 48, 1–20.CrossRefGoogle Scholar
  25. Cheng, M., Green, W., Conradie, P., Konishi, N., & Romi, A. (2014). The international integrated reporting framework: Key issues and future research opportunities. Journal of International Financial Management & Accounting, 25(1), 90–119.CrossRefGoogle Scholar
  26. Cho, C. H., & Roberts, R. W. (2010). Environmental reporting on the internet by America’s toxic 100: Legitimacy and self-presentation. International Journal of Accounting Information Systems, 11(1), 1–16.CrossRefGoogle Scholar
  27. Churet, C., & Eccles, R. G. (2014). Integrated reporting, quality of management, and financial performance. Journal of Applied Corporate Finance, 26(1), 56–64.Google Scholar
  28. Clayton, A. F., Rogerson, J. M., & Rampedi, I. (2015). Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa. Bulletin of Geography, 29(29), 7–17.Google Scholar
  29. Correa Ruiz, C. (2013). A commentary on “integrated reporting: A review of developments and their implications for the accounting curriculum”. Accounting Education, 22(4), 360–362.CrossRefGoogle Scholar
  30. da Cunha Pinto, T., & Bandeira, A. M. (2013). Sustainability reporting and financial reporting: The relevance of an integrated reporting approach. In H. E. Muga & K. D. Thomas (Eds.), Cases on the diffusion and adoption of sustainable development practices (pp. 167–194). Hershey, PA: IGI Global.CrossRefGoogle Scholar
  31. de Villiers, C., Rinaldi, L., & Unerman, J. (2014). Integrated reporting: Insights, gaps and an agenda for future research. Accounting, Auditing & Accountability Journal, 27(7), 1042–1067.CrossRefGoogle Scholar
  32. de Villiers, C., Hsiao, P.-C. K., & Maroun, W. (2017a). Developing a conceptual model of influences around integrated reporting, new insights and directions for future research. Meditari Accountancy Research, 25, 450–460. Scholar
  33. de Villiers, C., Venter, E.R., & Hsiao, P.-C. K. (2017b). Integrated Reporting: Background, Measurement Issues, Approaches and an Agenda for Future Research. Accounting & Finance, 57(4), 937-959.Google Scholar
  34. Dey, C., & Burns, J. (2010). Integrated reporting at a Novo Nordisk. In A. Hopwood, J. Unerman, & J. Fries (Eds.), Accounting for sustainability: Practical insights (pp. 215–232). Oxford: Earthscan.Google Scholar
  35. Dragu, I.-M., & Tiron-Tudor, A. (2013a). The integrated reporting initiative from an institutional perspective: Emergent factors. Procedia - Social and Behavioral Sciences, 92, 275–279.CrossRefGoogle Scholar
  36. Dragu, I.-M., & Tiron-Tudor, A. (2013b). GRI compliance and prerequisites of integrated reporting for Asian-Pacific companies. Annales Universitatis Apulensis Series Oeconomica, 15(2), 432–442.Google Scholar
  37. Dragu, I.-M., & Tiron-Tudor, A. (2014). Research agenda on integrated reporting: New emergent theory and practice. Procedia Economics and Finance, 15, 221–227.CrossRefGoogle Scholar
  38. Dumay, J., Bernardi, C., Guthrie, J., & Demartini, P. (2016). Integrated reporting: A structured literature review. Accounting Forum, 40(3), 166–185.CrossRefGoogle Scholar
  39. Dumitru, M., Glavan, M. E., Gorgan, C., & Dumitru, V. F. (2013). International integrated reporting framework: A case study in the software industry. Annales Universitatis Apulensis Series Oeconomica, 15(1), 24–39.Google Scholar
  40. Dumitru, M., Guşe, R. G., Feleagă, L., Mangiuc, D. M., & Feldioreanu, A. I. (2015). Marketing communications of value creation in sustainable organizations. The practice of integrated reports. Amfiteatru Economic, 17(40), 955–976.Google Scholar
  41. Eccles, R. G., & Krzus, M. P. (2012a). One report: Integrated reporting for a sustainable strategy. Hoboken, NJ: Wiley.CrossRefGoogle Scholar
  42. Eccles, R. G., & Krzus, M. P. (2012b). United Technologies Corporation’s first integrated report. In R. G. Eccles & M. P. Krzus (Eds.), One report: Integrated reporting for a sustainable strategy (pp. 29–50). Hoboken, NJ: Wiley.CrossRefGoogle Scholar
  43. Fasan, M. (2013). Annual reports, sustainability reports and integrated reports: Trends in corporate disclosure. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 41–57). Cham: Springer.CrossRefGoogle Scholar
  44. Fasan, M., & Mio, C. (2017). Fostering stakeholder engagement: The role of materiality disclosure in integrated reporting. Business Strategy and the Environment, 26(3), 288–305.CrossRefGoogle Scholar
  45. Feng, T., Cummings, L., & Tweedie, D. (2017). Exploring integrated thinking in integrated reporting – An exploratory study in Australia. Journal of Intellectual Capital, 18(2), 330–353.CrossRefGoogle Scholar
  46. Fiori, G., Di Donato, F., & Izzo, M. F. (2016). Exploring the effects of corporate governance on voluntary disclosure: An explanatory study on the adoption of integrated report. In M. J. Epstein, F. Verbeeten, & S. K. Widener (Eds.), Performance measurement and management control: Contemporary issues. Studies in managerial and financial accounting (Vol. 31, pp. 83–108). Bingley: Emerald Group Publishing.CrossRefGoogle Scholar
  47. Flower, J. (2015). The international integrated reporting council: A story of failure. Critical Perspectives on Accounting, 27, 1–17.CrossRefGoogle Scholar
  48. Frías-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. M. (2013a). Is integrated reporting determined by a country’s legal system? An exploratory study. Journal of Cleaner Production, 44, 45–55.CrossRefGoogle Scholar
  49. Frías-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. (2013b). The role of the board in the dissemination of integrated corporate social reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219–233.CrossRefGoogle Scholar
  50. Frías-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. M. (2014). Explanatory factors of integrated sustainability and financial reporting. Business Strategy and the Environment, 23(1), 56–72.CrossRefGoogle Scholar
  51. Garanina, T., & Dumay, J. (2017). Forward-looking intellectual capital disclosure in IPOs: Implications for intellectual capital and integrated reporting. Journal of Intellectual Capital, 18(1), 128–148.CrossRefGoogle Scholar
  52. García-Sánchez, I.-M., & Noguera-Gámez, L. (2017a). Integrated reporting and stakeholder engagement: The effect on information asymmetry. Corporate Social Responsibility and Environmental Management, 24, 395–413.CrossRefGoogle Scholar
  53. García-Sánchez, I.-M., & Noguera-Gámez, L. (2017b). Institutional investor protection pressures versus firm incentives in the disclosure of integrated reporting. Australian Accounting Review, 28, 199–219.CrossRefGoogle Scholar
  54. García-Sánchez, I.-M., Rodríguez-Ariza, L., & Frías-Aceituno, J.-V. (2013). The cultural system and integrated reporting. International Business Review, 22(5), 828–838.CrossRefGoogle Scholar
  55. Gelmini, L., Bavagnoli, F., Comoli, M., & Riva, P. (2015). Waiting for materiality in the context of integrated reporting: Theoretical challenges and preliminary empirical findings. In L. Songini & A. Pistoni (Eds.), Sustainability disclosure: State of the art and new directions. Studies in managerial and financial accounting (Vol. 30, pp. 135–163). Bingley: Emerald Group Publishing.Google Scholar
  56. Gianfelici, C., Casadei, A., & Cembali, F. (2016). The relevance of nationality and industry for stakeholder salience: An investigation through integrated reports. Journal of Business Ethics, 150, 541–558.CrossRefGoogle Scholar
  57. Gonzalbez, J. M., & Rodriguez, M. M. (2012). XBRL and integrated reporting: The Spanish accounting association taxonomy approach. The International Journal of Digital Accounting Research, 12, 59–91.Google Scholar
  58. Gunarathne, N., & Senaratne, S. (2017). Diffusion of integrated reporting in an emerging South Asian (SAARC) nation. Managerial Auditing Journal, 32(4/5), 524–548.CrossRefGoogle Scholar
  59. Gupta, S. K. (2015). Integrated reporting – Walk the talk. The Management Accountant, 50(5), 27–28.Google Scholar
  60. Gupta, M. C. (2016). Disclosures in integrated reporting: A review. Splint International Journal of Professionals, 3(1), 38–40.Google Scholar
  61. Haji, A. A., & Anifowose, M. (2016a). Audit committee and integrated reporting practice: Does internal assurance matter? Managerial Auditing Journal, 31(8/9), 915–948.CrossRefGoogle Scholar
  62. Haji, A. A., & Anifowose, M. (2016b). The trend of integrated reporting practice in South Africa: Ceremonial or substantive? Sustainability Accounting, Management and Policy Journal, 7(2), 190–224.CrossRefGoogle Scholar
  63. Haji, A. A., & Anifowose, M. (2017). Initial trends in corporate disclosures following the introduction of integrated reporting practice in South Africa. Journal of Intellectual Capital, 18(2), 373–399.CrossRefGoogle Scholar
  64. Haji, A. A., & Hossain, D. M. (2016). Exploring the implications of integrated reporting on organisational reporting practice: Evidence from highly regarded integrated reporters. Qualitative Research in Accounting and Management, 13(4), 415–444.CrossRefGoogle Scholar
  65. Haller, A., & van Staden, C. (2014). The value added statement – An appropriate instrument for integrated reporting. Accounting, Auditing & Accountability Journal, 27(7), 1190–1216.CrossRefGoogle Scholar
  66. Hamid, F. Z. A., Shafie, R., & Othman, Z. (2015). The “cognitive experience, area of business, responsiveness and engagement” conceptual framework for integrated reporting. Advanced Science Letters, 21(6), 1791–1793.CrossRefGoogle Scholar
  67. Havlová, K. (2015). What integrated reporting changed: The case study of early adopters. Procedia Economics and Finance, 34, 231–237.CrossRefGoogle Scholar
  68. Higgins, C., Stubbs, W., & Love, T. (2014). Walking the talk(s): Organisational narratives of integrated reporting. Accounting, Auditing & Accountability Journal, 27(7), 1090–1119.CrossRefGoogle Scholar
  69. Hindley, T., & Buys, P. W. (2012). Integrated reporting compliance with the global reporting initiative framework: An analysis of the South African mining industry. The International Business & Economics Research Journal (Online), 11(11), 1249–1260.Google Scholar
  70. Hoque, M. E. (2017). Why company should adopt integrated reporting? International Journal of Economics and Financial Issues, 7(1), 241–248.Google Scholar
  71. Institute of Directors Southern Africa. (2009). King code of governance for South Africa 2009. SAICA Legislation Handbook 2010/2011, vol. 3.Google Scholar
  72. Ito, K., & Iijima, M. (2017). Integrated reporting and its impact on organisational change. International Journal of Human Resources Development and Management, 17(1/2), 73–88.CrossRefGoogle Scholar
  73. James, M. L. (2013a). Sustainability and integrated reporting: A case exploring issues, benefits and challenges. Journal of the International Academy for Case Studies, 19(7), 89–95.Google Scholar
  74. James, M. L. (2013b). Sustainability and integrated reporting: Opportunities and strategies for small and midsize companies. Entrepreneurial Executive, 18, 17–28.Google Scholar
  75. James, M. L. (2014). The benefits of sustainability and integrated reporting: An investigation of accounting majors’ perceptions. Journal of Legal, Ethical and Regulatory Issues, 17(2), 93–113.Google Scholar
  76. James, M. L. (2015). Accounting majors’ perceptions of the advantages and disadvantages of sustainability and integrated reporting. Journal of Legal, Ethical and Regulatory Issues, 18(2), 107–123.Google Scholar
  77. Jensen, J. C., & Berg, N. (2012). Determinants of traditional sustainability reporting versus integrated reporting. An institutionalist approach. Business Strategy and the Environment, 21(5), 299–316.CrossRefGoogle Scholar
  78. Jhunjhunwala, S. (2014). Beyond financial reporting-international integrated reporting framework. Indian Journal of Corporate Governance, 7(1), 73–80.CrossRefGoogle Scholar
  79. Kamp-Roelands, N. (2013). A commentary on “integrated reporting: A review of developments and their implications for the accounting curriculum”. Accounting Education, 22(4), 357–359.CrossRefGoogle Scholar
  80. Kaspina, R. G., & Molotov, L. A. (2016). Corporate integrated reporting: An efficient tool of economic security management. Academy of Strategic Management Journal, 15(1), 225–232.Google Scholar
  81. Kaspina, R. G., Molotov, L. A., & Kaspin, L. E. (2015). Cash flow forecasting as an element of integrated reporting: An empirical study. Asian Social Science, 11(11), 89–94.CrossRefGoogle Scholar
  82. Kiran, V. U., & Goud, M. M. (2015). A study of integrated reporting in Indian banks. The Management Accountant, 50(5), 29–33.Google Scholar
  83. Knauer, A., & Serafeim, G. (2014). Attracting long-term investors through integrated thinking and reporting: A clinical study of a biopharmaceutical company. Journal of Applied Corporate Finance, 26(2), 57–64.CrossRefGoogle Scholar
  84. Köhler, K., & Hoffmann, C. P. (2017). Integrated reporting: Bridging investor relations and strategic management. In A. V. Laskin (Ed.), The handbook of financial communication and investor relations (pp. 209–219). Chichester: Wiley.CrossRefGoogle Scholar
  85. Kuzina, R. W. (2014). Integrated reporting as a mechanism of increasing business value. Actual Problems of Economics, 158(8), 385–392.Google Scholar
  86. Lai, A., Melloni, G., & Stacchezzini, R. (2016). Corporate sustainable development: Is “integrated reporting” a legitimation strategy? Business Strategy and the Environment, 25(3), 165–177.CrossRefGoogle Scholar
  87. Lai, A., Melloni, G., & Stacchezzini, R. (2017). What does materiality mean to integrated reporting preparers? An empirical exploration. Meditari Accountancy Research, 25, 533–552.CrossRefGoogle Scholar
  88. Lambooy, T., Hordijk, R., & Bijveld, W. (2014). Communicating about integrating sustainability in corporate strategy: Motivations and regulatory environments of integrated reporting from a European and Dutch perspective. In R. Tench, W. Sun, & B. Jones (Eds.), Communicating corporate social responsibility: Perspectives and practice. Critical studies on corporate responsibility, governance and sustainability (Vol. 6, pp. 217–255). Bingley: Emerald Group Publishing.Google Scholar
  89. Laptes, R., & Sofian, I. (2016). A new dimension of the entities’ financial reporting: Integrated reporting. Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V, 9(2), 239–250.Google Scholar
  90. Lee, K.-W., & Yeo, G. H.-H. (2016). The association between integrated reporting and firm valuation. Review of Quantitative Finance and Accounting, 47(4), 1221–1250.CrossRefGoogle Scholar
  91. Lodhia, S. (2015). Exploring the transition to integrated reporting through a practice lens: An Australian customer owned bank perspective. Journal of Business Ethics, 129(3), 585–598.CrossRefGoogle Scholar
  92. Lodhia, S., & Stone, G. (2017). Integrated reporting in an internet and social media communication environment: Conceptual insights. Australian Accounting Review, 27(1), 17–33.CrossRefGoogle Scholar
  93. Lueg, K., Lueg, R., Andersen, K., & Dancianu, V. (2016). Integrated reporting with CSR practices: A pragmatic constructivist case study in a Danish cultural setting. Corporate Communications: An International Journal, 21(1), 20–35.CrossRefGoogle Scholar
  94. Maniora, J. (2017). Is integrated reporting really the superior mechanism for the integration of ethics into the core business model? An empirical analysis. Journal of Business Ethics, 140(4), 755–786.CrossRefGoogle Scholar
  95. Maroun, W. (2017). Assuring the integrated report: Insights and recommendations from auditors and preparers. The British Accounting Review, 49(3), 329–346.CrossRefGoogle Scholar
  96. McNair-Connolly, C. J., Silvi, R., & Bartolini, M. (2013). Integrated reporting and value-based cost management: A natural union. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 147–157). Cham: Springer.CrossRefGoogle Scholar
  97. McNally, M.-A., Cerbone, D., & Maroun, W. (2017). Exploring the challenges of preparing an integrated report. Meditari Accountancy Research, 25, 481–504.CrossRefGoogle Scholar
  98. Melloni, G. (2015). Intellectual capital disclosure in integrated reporting: An impression management analysis. Journal of Intellectual Capital, 16(3), 661–680.CrossRefGoogle Scholar
  99. Melloni, G., Stacchezzini, R., & Lai, A. (2016). The tone of business model disclosure: An impression management analysis of the integrated reports. Journal of Management and Governance, 20(2), 295–320.CrossRefGoogle Scholar
  100. Melloni, G., Caglio, A., & Perego, P. (2017). Saying more with less? Disclosure conciseness, completeness and balance in integrated reports. Journal of Accounting and Public Policy, 36, 220–238.CrossRefGoogle Scholar
  101. Mervelskemper, L., & Streit, D. (2017). Enhancing market valuation of ESG performance: Is integrated reporting keeping its promise? Business Strategy and the Environment, 26(4), 536–549.CrossRefGoogle Scholar
  102. Meyrick, J. (2016). Telling the story of culture’s value: Ideal-type analysis and integrated reporting. The Journal of Arts Management Law and Society, 46(4), 141–152.CrossRefGoogle Scholar
  103. Mio, C., & Fasan, M. (2014). Beyond financial reporting: A journey from sustainability towards integrated reporting. Journal of Environmental Accounting and Management, 2(3), 1–14.CrossRefGoogle Scholar
  104. Mio, C., Marco, F., & Pauluzzo, R. (2016). Internal application of IR principles: Generali’s internal integrated reporting. Journal of Cleaner Production, 139, 204–218.CrossRefGoogle Scholar
  105. Mmako, N., & Van Rensburg, M. J. (2017). Towards integrated reporting: The inclusion of content elements of an integrated annual report in the chairmen’s statements of JSE-listed companies. South African Journal of Business Management, 48(1), 45–54.CrossRefGoogle Scholar
  106. Morros, J. (2016). The integrated reporting: A presentation of the current state of art and aspects of integrated reporting that need further development. Intangible Capital, 12(1), 336–356.CrossRefGoogle Scholar
  107. Nathuramka, S. (2016). Integrated reporting – Accountants redefining the role of management. The Management Accountant, 51(11), 49–54.Google Scholar
  108. Needles Jr., B. E. (2013). Capacity building and integrated reporting: A framework for development. Independent Business Review, 6(2), 1–25.Google Scholar
  109. Needles Jr., B. E., Frigo, M. L., Powers, M., & Shigaev, A. (2016). Integrated reporting and sustainability reporting: An exploratory study of high performance companies. In M. J. Epstein, F. Verbeeten, & S. K. Widener (Eds.), Performance measurement and management control: Contemporary issues. Studies in managerial and financial accounting (Vol. 31, pp. 41–81). Bingley: Emerald Group Publishing.CrossRefGoogle Scholar
  110. Oprisor, T. (2015). Auditing integrated reports: Are there solutions to this puzzle? Procedia Economics and Finance, 25(15), 87–95.CrossRefGoogle Scholar
  111. Oshika, T., & Saka, C. (2017). Sustainability KPIs for integrated reporting. Social Responsibility Journal, 13(3), 625–642.CrossRefGoogle Scholar
  112. Owen, G. (2013a). A rejoinder to commentaries on “integrated reporting: A review of developments and their implications for the accounting curriculum”. Accounting Education, 22(4), 363–365.CrossRefGoogle Scholar
  113. Owen, G. (2013b). Integrated reporting: A review of developments and their implications for the accounting curriculum. Accounting Education, 22(4), 340–356.CrossRefGoogle Scholar
  114. Parrot, K. W., & Tierney, B. X. (2012). Integrated reporting, stakeholder engagement, and balanced investing at American electric power. Journal of Applied Corporate Finance, 24(2), 27–37.CrossRefGoogle Scholar
  115. Paternostro, S. (2013). The connectivity of information for the integrated reporting. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting: Concepts and cases that redefine corporate accountability (pp. 59–77). Cham: Springer.CrossRefGoogle Scholar
  116. Pavlopoulos, A., Magnis, C., & Iatridis, G. E. (2017). Integrated reporting: Is it the last piece of the accounting disclosure puzzle? Journal of Multinational Financial Management, 41, 23–46.CrossRefGoogle Scholar
  117. Perego, P., Kennedy, S., & Whiteman, G. (2016). A lot of icing but little cake? Taking integrated reporting forward. Journal of Cleaner Production, 136, 53–64.CrossRefGoogle Scholar
  118. Pistoni, A., & Songini, L. (2015). New trends and directions in CSD: The integrated reporting. In L. Songini & A. Pistoni (Eds.), Sustainability disclosure: State of the art and new directions. Studies in managerial and financial accounting (Vol. 30, pp. 81–105). Bingley: Emerald Group Publishing.Google Scholar
  119. Pozzoli, M., & Gesuele, B. (2016). From theory to practice: First adoption of integrated reporting by the Italian public utilities. In P. Spagnoletti, M. De Marco, N. Pouloudi, D. Te’eni, J. vom Brocke, R. Winter, & R. Baskerville (Eds.), Lecture notes in information systems and organisation (LNISO) (Vol. 14, pp. 121–132). Cham: Springer.Google Scholar
  120. Pratama, A. (2017). Clustering Indonesian companies’ annual reports: Preliminary assessment of the implementation of integrated reporting by Indonesian listed companies. International Journal of Globalisation and Small Business, 9(1), 46–54.CrossRefGoogle Scholar
  121. Pucci, S., Cenci, M., Tutino, M., & Luly, R. (2014). Intangible assets: Current requirements, social statements, integrated reporting, and new models. In M. Russ (Ed.), Value creation, reporting, and signaling for human capital and human assets: Building the foundation for a multi-disciplinary, multi-level theory (pp. 179–211). London: Palgrave Macmilian.Google Scholar
  122. Rambaud, A., & Richard, J. (2015). The “triple depreciation line” instead of the “triple bottom line”: Towards a genuine integrated reporting. Critical Perspectives on Accounting, 33, 92–116.CrossRefGoogle Scholar
  123. Rambe, P., & Mangara, T. B. (2016). Influence of integrated reporting ratings, CEO age, and years of experience on the share price of top 106 JSE listed companies. Problems and Perspectives in Management, 14(3/1), 216–231.Google Scholar
  124. Ramin, K., & Reiman, C. (2013). IFRS and XBRL: How to improve business reporting through technology and object tracking (pp. 525–539). Hoboken, NJ: Wiley.Google Scholar
  125. Reimsbach, D., Hahn, R., & Gürtürk, A. (2017). Integrated reporting and assurance of sustainability information: An experimental study on professional investors’ information processing. European Accounting Review, 27, 559–581.CrossRefGoogle Scholar
  126. Rensburg, R., & Botha, E. (2014). Is integrated reporting the silver bullet of financial communication? A stakeholder perspective from South Africa. Public Relations Review, 40(2), 144–152.CrossRefGoogle Scholar
  127. Reuter, M., & Messner, M. (2015). Lobbying on the integrated reporting framework: An analysis of comment letters to the 2011 discussion paper of the IIRC. Accounting, Auditing & Accountability Journal, 28(3), 365–402.CrossRefGoogle Scholar
  128. Rivera-Arrubla, Y. A., & Zorio-Grima, A. (2016). Integrated reporting, connectivity, and social media. Psychology & Marketing, 33(12), 1159–1165.CrossRefGoogle Scholar
  129. Rivera-Arrubla, Y. A., Zorio-Grima, A., & García-Benau, M. A. (2017). Integrated reports: Disclosure level and explanatory factors. Social Responsibility Journal, 13(1), 155–176.CrossRefGoogle Scholar
  130. Robertson, F. A., & Samy, M. (2015). Factors affecting the diffusion of integrated reporting – A UK FTSE 100 perspective. Sustainability Accounting, Management and Policy Journal, 6(2), 190–223.CrossRefGoogle Scholar
  131. Ruiz-Lozano, M., & Tirado-Valencia, P. (2016). Do industrial companies respond to the guiding principles of the integrated reporting framework? A preliminary study on the first companies joined to the initiative. Revista de Contabilidad, 19(2), 252–260.CrossRefGoogle Scholar
  132. Serafeim, G. (2015). Integrated reporting and investor clientele. Journal of Applied Corporate Finance, 27(2), 34–51.CrossRefGoogle Scholar
  133. Setia, N., Abhayawansa, S., Joshi, M., & Huynh, A. V. (2015). Integrated reporting in South Africa: Some initial evidence. Sustainability Accounting, Management and Policy Journal, 6(3), 397–424.CrossRefGoogle Scholar
  134. Sierra-García, L., Zorio-Grima, A., & García-Benau, M. A. (2015). Stakeholder engagement, corporate social responsibility and integrated reporting: An exploratory study. Corporate Social Responsibility and Environmental Management, 22(5), 286–304.CrossRefGoogle Scholar
  135. Signori, S., & Rusconi, G. (2009). Ethical thinking in traditional Italian Economia Aziendale and the stakeholder management theory: The search for possible interactions. Journal of Business Ethics, 89, 303–318.CrossRefGoogle Scholar
  136. Simnett, R., & Huggins, A. L. (2015). Integrated reporting and assurance: Where can research add value? Sustainability Accounting, Management and Policy Journal, 6(1), 29–53.CrossRefGoogle Scholar
  137. Smith, S. S. (2016). Integrated reporting & the future of auditing. Journal of Accounting and Finance, 16(1), 140–145.Google Scholar
  138. Sofian, I., & Dumitru, M. (2017). The compliance of the integrated reports issued by European financial companies with the international integrated reporting framework. Sustainability (Switzerland), 9(8), 1319.CrossRefGoogle Scholar
  139. Soyka, P. A. (2013). The international integrated reporting council (IIRC) integrated reporting framework: Toward better sustainability reporting and (way) beyond. Environmental Quality Management, 23(2), 1–14.CrossRefGoogle Scholar
  140. Stacchezzini, R., Melloni, G., & Lai, A. (2016). Sustainability management and reporting: The role of integrated reporting for communicating corporate sustainability management. Journal of Cleaner Production, 136, 102–110.CrossRefGoogle Scholar
  141. Stefanescu, A. C., Oprisor, T., & Sntejudeanu, M. A. (2016). An original assessment tool for transparency in the public sector based on the integrated reporting approach. Accounting and Management Information Systems, 15(3), 542–564.Google Scholar
  142. Stent, W., & Dowler, T. (2015). Early assessments of the gap between integrated reporting and current corporate reporting. Meditari Accountancy Research, 23(1), 92–117.CrossRefGoogle Scholar
  143. Steyn, M. (2014). Organisational benefits and implementation challenges of mandatory integrated reporting: Perspectives of senior executives at South African listed companies. Sustainability Accounting, Management and Policy Journal, 5(4), 476–503.CrossRefGoogle Scholar
  144. Strong, P. T. (2015). Is integrated reporting a matter of public concern?: Evidence from Australia. The Journal of Corporate Citizenship, 60, 81–100.CrossRefGoogle Scholar
  145. Stubbs, W., & Higgins, C. (2014). Integrated reporting and internal mechanisms of change. Accounting, Auditing & Accountability Journal, 27(7), 1068–1089.CrossRefGoogle Scholar
  146. Stubbs, W., & Higgins, C. (2015). Stakeholders’ perspectives on the role of regulatory reform in integrated reporting. Journal of Business Ethics, 147, 489–508.CrossRefGoogle Scholar
  147. Thomson, I. (2015). “But does sustainability need capitalism or an integrated report” a commentary on “the international integrated reporting council: A story of failure” by flower, J. Critical Perspectives on Accounting, 27, 18–22.CrossRefGoogle Scholar
  148. Trébucq, S., & Magnaghi, E. (2017). Using the EFQM excellence model for integrated reporting: A qualitative exploration and evaluation. Research in International Business and Finance, 42, 522–531.CrossRefGoogle Scholar
  149. Tudor-Tiron, A., & Dragu, I. (2014). From sustainability to integrated reporting – The political perspective of institutional theory. Studia Universitatis Babes-Bolyai, 59(2), 20–33.Google Scholar
  150. Tweedie, D., & Martinov-Bennie, N. (2015). Entitlements and time: Integrated reporting’s double-edged agenda. Social and Environmental Accountability Journal, 35(1), 49–61.CrossRefGoogle Scholar
  151. Tweedie, D., Nielsen, C., & Martinov-Bennie, N. (2017). The business model in integrated reporting: Evaluating concept and application. Australian Accounting Review, 28(3), 405–420.CrossRefGoogle Scholar
  152. Ünal, G., & Çoşkun, A. (2014). Disclosure for sustainability: The case of integrated reporting. In U. Akkucuk (Ed.), Handbook of research on developing sustainable value in economics, finance, and marketing (pp. 297–305). Hershey, PA: IGI Global.Google Scholar
  153. van Bommel, K. (2014). Towards a legitimate compromise?: An exploration of integrated reporting in the Netherlands. Accounting, Auditing & Accountability Journal, 27(7), 1157–1189.CrossRefGoogle Scholar
  154. van Zyl, A. S. (2013). Sustainability and integrated reporting in the South African corporate sector. The International Business & Economics Research Journal, 12(8), 903–926.Google Scholar
  155. Vaz, N., Fernandez-Feijoo, B., & Ruiz, S. (2016). Integrated reporting: An international overview. Business Ethics, 25(4), 577–591.CrossRefGoogle Scholar
  156. Velte, P., & Stawinoga, M. (2017). Integrated reporting: The current state of empirical research, limitations and future research implications. Journal of Management Control, 28, 275–320.CrossRefGoogle Scholar
  157. Veltri, S., & Silvestri, A. (2015). The Free State University integrated reporting: A critical consideration. Journal of Intellectual Capital, 16(2), 443–462.CrossRefGoogle Scholar
  158. Vorster, S., & Marais, C. (2014). Corporate governance, integrated reporting, and stakeholder management: A case study of Eskom. African Journal of Business Ethics, 8(2), 31–57.Google Scholar
  159. Wild, S. (2011). Public sector accountability for cultural assets: An integrated reporting approach. International Journal of Environmental, Cultural, Economic and Social Sustainability, 7(5), 379–390.CrossRefGoogle Scholar
  160. Wolniak, R. (2013). The role of Grenelle II in corporate social responsibility integrated reporting. Manager, 18, 109–119.Google Scholar
  161. Wulf, I., Niemöller, J., & Rentzsch, N. (2014). Development toward integrated reporting, and its impact on corporate governance: A two-dimensional approach to accounting with reference to the German two-tier system. Journal of Management Control, 25(2), 135–164.CrossRefGoogle Scholar
  162. Zappettini, F., & Unerman, J. (2016). “Mixing” and “bending”: The recontextualisation of discourses of sustainability in integrated reporting. Discourse & Communication, 10(5), 521–542.CrossRefGoogle Scholar
  163. Zhou, S., Simnett, R., & Green, W. (2017). Does integrated reporting matter to the capital market? Abacus, 53(1), 94–132.CrossRefGoogle Scholar

Further References

  1. Aguilera, R. V., & Jackson, G. (2003). The cross-national diversity of corporate governance: Dimensions and determinants. The Academy of Management Review, 28(3), 447–465.CrossRefGoogle Scholar
  2. Argandoña, A. (1998). The stakeholder theory and the common good. Journal of Business Ethics, 17(9/10), 1093–1102.CrossRefGoogle Scholar
  3. Ashforth, B. E., & Gibbs, B. W. (1990). The double-edge of organizational legitimation. Organization Science, 1(2), 177–194.CrossRefGoogle Scholar
  4. Ax, C., & Bjørnenak, T. (2005). Bundling and diffusion of management accounting innovations – The case of the balanced scorecard in Sweden. Management Accounting Research, 16(1), 1–20.CrossRefGoogle Scholar
  5. Baiman, S., & Verrecchia, R. (1996). The relation among capital markets, financial disclosure, production efficiency, and insider trading. Journal of Accounting Research, 34(1), 1–22.CrossRefGoogle Scholar
  6. Barron, O. E., Kyle, C., & O’Keefe, T. B. (1999). MD&A quality as measured by the SEC and analysts’ earnings forecasts. Contemporary Accounting Research, 16(1), 75–109.CrossRefGoogle Scholar
  7. Barth, M. E., Kasznik, R., & McNichols, M. F. (2001). Analyst coverage and intangible assets. Journal of Accounting Research, 39(1), 1–34.CrossRefGoogle Scholar
  8. Baumeister, R. F., & Leary, M. R. (1997). Writing narrative literature reviews. Review of General Psychology, 1(3), 311–320.CrossRefGoogle Scholar
  9. Beasley, M. S., Carcello, J. V., Hermanson, D. R., & Neal, T. L. (2009). The audit committee oversight process. Contemporary Accounting Research, 26(1), 65–122.CrossRefGoogle Scholar
  10. Bebbington, J., Larrinaga, C., & Moneva, J. M. (2008). Corporate social reporting and reputation risk management. Accounting, Auditing & Accountability Journal, 21(3), 337–361.CrossRefGoogle Scholar
  11. Berle, A. A., & Means, G. C. (1932). The modern corporation and private property. New York: Macmillan.Google Scholar
  12. Berrone, P., Gelabert, L., & Fosfuri, A. (2009). The impact of symbolic and substantive actions of environmental legitimacy. Working Paper Business School, University of Navarra.Google Scholar
  13. Beyer, A., Cohen, D. A., Lys, T. Z., & Walther, B. R. (2010). The financial reporting environment: Review of the recent literature. Journal of Accounting and Economics, 50(2/3), 296–343.CrossRefGoogle Scholar
  14. Boltanski, L., & Thévenot, L. (1999). The sociology of critical capacity. European Journal of Social Theory, 2(3), 359–377.CrossRefGoogle Scholar
  15. Boltanski, L., & Thévenot, L. (2006). On justification: Economies of worth. Princeton, NJ: Princeton University Press.Google Scholar
  16. Bowen, R. M., Davis, A. K., & Matsumoto, D. A. (2005). Emphasis on pro forma versus GAAP earnings in quarterly press releases: Determinants, SEC intervention, and market reactions. The Accounting Review, 80(4), 1011–1038.CrossRefGoogle Scholar
  17. Brammer, S., Jackson, G., & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review, 10(1), 3–28.CrossRefGoogle Scholar
  18. Brennan, N. M., & Solomon, J. (2008). Corporate governance, accountability and mechanisms of accountability: An overview. Accounting, Auditing & Accountability Journal, 21(7), 885–906.CrossRefGoogle Scholar
  19. Brennan, N. M., Encarna, G. S., & Pierce, A. (2009). Impression management: Developing and illustrating a scheme of analysis for narrative disclosures – A methodological note. Accounting, Auditing & Accountability Journal, 22(5/7), 789–832.CrossRefGoogle Scholar
  20. Bruni, L. (2006). Civil happiness. Abingdon: Routledge.Google Scholar
  21. Bruni, L., & Zamagni, S. (2004). Economia civile: Efficienza, equità, felicità pubblica [Civil economy: Efficiency, equity, public happiness]. Bologna: Il Mulino.Google Scholar
  22. Bruni, L., & Zamagni, S. (2016). Civil economy: Another idea of the market. Newcastle-Upon-Tyne: Agenda Publishing.CrossRefGoogle Scholar
  23. Caldarelli, A., Fiondella, C., Maffei, M., Spano, R., & Zagaria, C. (2011). The common good and economia aziendale theory: Insights for corporate social responsibility from the Italian perspective. Journal of the Asia-Pacific Centre for Environmental Accountability, 17(4), 197–216.Google Scholar
  24. Campbell, J. L. (2007). Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility. Academy of Management Review, 32(3), 946–967.CrossRefGoogle Scholar
  25. Chapman, C. S., Cooper, D. J., & Miller, P. (Eds.). (2009). Accounting, organizations and institutions: Essays in honor of Anthony Hopwood. New York: Oxford University Press.Google Scholar
  26. Chu, C. I., Chatterjee, B., & Brown, A. (2013). The current status of greenhouse gas reporting by Chinese companies: A test of legitimacy theory. Managerial Auditing Journal, 28(2), 114–139.Google Scholar
  27. Clarkson, M. E. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review, 20(1), 92–117.CrossRefGoogle Scholar
  28. Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4/5), 303–327.CrossRefGoogle Scholar
  29. Costa, E., & Ramus, T. (2012). The Italian Economia Aziendale and Catholic social teaching: How to apply the common good principle at the managerial level. Journal of Business Ethics, 1, 103–116.CrossRefGoogle Scholar
  30. Cronin, P., Ryan, F., & Coughlan, M. (2008). Undertaking a literature review: A step-by-step approach. British Journal of Nursing, 17(1), 38–43.CrossRefGoogle Scholar
  31. Cuganesan, S., Guthrie, J., & Ward, L. (2010). Examining CSR disclosure strategies within the Australian food and beverage industry. Accounting Forum, 34(3/4), 169–183.CrossRefGoogle Scholar
  32. Daft, R. L., & Lengel, R. H. (1984). Information richness: A new approach to managerial behavior and organizational design. Research in Organizational Behavior, 6, 191–233.Google Scholar
  33. Daft, R. L., & Lengel, R. H. (1986). Organizational information requirements, media richness and structural design. Management Science, 32(5), 554–571.CrossRefGoogle Scholar
  34. Deegan, C. (2002). The legitimising effect of social and environmental disclosures: A theoretical foundation. Accounting, Auditing & Accountability Journal, 15(3), 282–311.CrossRefGoogle Scholar
  35. Deegan, C. (2006). Financial accounting theory. North Ryde: McGraw-Hill.Google Scholar
  36. Deegan, C. (2009). Financial accounting theory (3rd ed.). Sydney: McGraw-Hill Australia Pty.Google Scholar
  37. Deegan, C., Rankin, M., & Voght, P. (2000). Firms’ disclosure reactions to major social incidents: Australian evidence. Accounting Forum, 24(1), 101–130.CrossRefGoogle Scholar
  38. Deegan, C., Rankin, M., & Tobin, J. (2002). An examination of the corporate social and environmental disclosures of BHP from 1983–1997. A test of legitimacy theory. Accounting, Auditing & Accountability Journal, 15(3), 312–343.CrossRefGoogle Scholar
  39. Del Baldo, M. (2017). Moral and virtues-based leadership for enhancing integral ecology. Contributions to conflict management, peace, economics, and development, 26, 203–228.CrossRefGoogle Scholar
  40. Delmas, M., & Toffel, M. W. (2004). Stakeholders and environmental management practices: An institutional framework. Business Strategy and the Environment, 13(4), 209–222.CrossRefGoogle Scholar
  41. Denney, A. S., & Tewksbury, R. (2013). How to write a literature review. Journal of Criminal Justice Education, 24(2), 218–234.CrossRefGoogle Scholar
  42. de Villiers, C., & Mähönen, J. (2014). Article 11: Integrated reporting or non-financial reporting? In B. Sjafjell & A. Wiesbrock (Eds.), The greening of European business under EU law: Taking article 11 TFEU seriously (pp. 118–143). Abingdon: Routledge.CrossRefGoogle Scholar
  43. de Villiers, C., & Sharma, U. (2017). A critical reflection on the future of financial, intellectual capital, sustainability and integrated reporting. Critical Perspectives on Accounting.
  44. Diamond, D. W., & Verrecchia, R. E. (1991). Disclosure, liquidity, and the cost of capital. The Journal of Finance, 46(4), 1325–1359.CrossRefGoogle Scholar
  45. Dimaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147–160.CrossRefGoogle Scholar
  46. Donaldson, T. (1999). Making stakeholder theory whole. Academy of Management Review, 24(2), 237–241.Google Scholar
  47. Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.CrossRefGoogle Scholar
  48. Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behaviour. Pacific Sociological Review, 18(1), 122–136.CrossRefGoogle Scholar
  49. Eccles, R. G., & Krzus, M. P. (2014). The integrated reporting movement: Meaning, momentum, motives, and materiality. New York: Wiley.Google Scholar
  50. Eccles, R. G., Krzus, M. P., & Ribot, S. (2015a). Meaning and momentum in the integrated reporting movement. Journal of Applied Corporate Finance, 27(2), 8–17.CrossRefGoogle Scholar
  51. Eccles, R. G., Krzus, M. P., & Ribot, S. (2015b). Models of best practice in integrated reporting 2015. Journal of Applied Corporate Finance, 27(2), 103–115.CrossRefGoogle Scholar
  52. Elliott, R. K., & Jacobson, P. D. (1994). Costs and benefits of business information disclosure. Accounting Horizons, 8(4), 80–96.Google Scholar
  53. Enderle, G. (2004). The ethics of financial reporting. In G. Brenkert (Ed.), Corporate integrity and accountability (pp. 87–99). London: Sage Publications.CrossRefGoogle Scholar
  54. Evan, W. M., & Freeman, R. E. (1988). A stakeholder theory of the modern corporation: Kantian capitalism. In T. Beauchamp & N. Bowie (Eds.), Ethical theory and business (pp. 75–93). Englewood Cliffs, NJ: Prentice Hall.Google Scholar
  55. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301–326.CrossRefGoogle Scholar
  56. Fernando, S., & Lawrence, S. (2014). A theoretical framework for CSR practices: Integrating legitimacy theory, stakeholder theory and institutional theory. Journal of Theoretical Accounting Research, 10(1), 149–178.Google Scholar
  57. Finnis, J. M. (2011). Human rights and common good: Collected essays. New York: Oxford University Press.CrossRefGoogle Scholar
  58. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston, MA: Pitman Publishing.Google Scholar
  59. Freeman, R. E., & Reed, D. L. (1983). Stockholders and stakeholders: A new perspective on corporate governance. California Management Review, 25(3), 88–106.CrossRefGoogle Scholar
  60. Freeman, R. E., Harrison, J. S., & Wicks, A. C. (2007). Managing for stakeholders: Survival, reputation, and success. New Haven, CT: Yale University Press.Google Scholar
  61. Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & De Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  62. Genovesi, A. (1965-70). Lezioni di economia civile [Lessons of civil economy]. Naples: Cugini Pomba.Google Scholar
  63. Georgiou, G. (2002). Corporate non-participation in the ASB standard-setting process. European Accounting Review, 11(4), 699–722.CrossRefGoogle Scholar
  64. Georgiou, G. (2004). Corporate lobbying on accounting standards: Methods, timing and perceived effectiveness. Abacus, 40(2), 219–237.CrossRefGoogle Scholar
  65. Gray, R. (2013). Back to basics: What do we mean by environmental (and social) accounting and what is it for? A reaction to Thornton. Critical Perspectives on Accounting, 24(6), 459–468.CrossRefGoogle Scholar
  66. Gray, R. H., Owen, D. L., & Maunders, K. T. (1987). Corporate social reporting: Accounting & Accountability. Hemel Hempstead: Prentice-Hall.Google Scholar
  67. Gray, R. H., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal, 8(2), 47–77.CrossRefGoogle Scholar
  68. Gray, R., Owen, D., & Adams, C. (1996). Accounting and accountability: Changes and challenges in corporate social and environmental reporting. London: Prentice Hall.Google Scholar
  69. Green, L., Ottoson, J., Garcia, C., & Hiatt, R. (2009). Diffusion theory and knowledge dissemination, utilization, and integration in public health. Annual Review of Public Health, 30, 151–174.CrossRefGoogle Scholar
  70. Greenley, G. E., Hooley, G. J., Broderick, A. J., & Rud, J. M. (2004). Strategic planning differences among different multiple stakeholder orientation profile. Journal of Strategic Management, 12(3), 163–182.Google Scholar
  71. Guthrie, J., & Parker, L. D. (1990). Corporate social disclosure practice: A comparative international analysis. Advances in Public Interest Accounting, 3(1), 159–175.Google Scholar
  72. Hart, C. (1998). Doing a literature review. London: Sage Publications.Google Scholar
  73. Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1/3), 405–440.CrossRefGoogle Scholar
  74. Hill, C. W., & Jones, T. M. (1992). Stakeholder agency theory. Journal of Management Studies, 29(2), 131–154.CrossRefGoogle Scholar
  75. Hodge, F. D., Hopkins, P. E., & Wood, D. A. (2010). The effects of financial statement information proximity and feedback on cash flow forecasts. Contemporary Accounting Research, 27(1), 101–133.CrossRefGoogle Scholar
  76. Hofstede, G. H. (2001). Culture’s consequences, comparing values, behaviors, institutions, and organizations across nations. Thousand Oaks, CA: Sage Publications.Google Scholar
  77. Hofstede, G., & Hofstede, G. J. (2005). Cultures and organizations: Software of the mind (2nd ed.). New York: McGraw Hill.Google Scholar
  78. Hooghiemstra, R. (2000). Corporate communication and impression management – New perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27(1/2), 55–68.CrossRefGoogle Scholar
  79. Hope, O. K. (2003). Disclosure practices, enforcement of accounting standards, and analysts’ forecast accuracy: An international study. Journal of Accounting Research, 41(2), 235–272.CrossRefGoogle Scholar
  80. Hopwood, A. (2009). Accounting and the environment. Accounting, Organisations and Society, 34(3/4), 433–439.CrossRefGoogle Scholar
  81. Hrasky, S. (2012). Carbon footprints and legitimation strategies: Symbolism or action? Accounting. Auditing & Accountability Journal, 5(1), 174–198.CrossRefGoogle Scholar
  82. IIRC. (2011). Towards integrated reporting. Communicating value in the 21st century. International Integrated Reporting Council.
  83. IIRC. (2013). The international IR framework. International Integrated Reporting Council.
  84. Jackson, G., & Apostolakou, A. (2010). Corporate social responsibility in Western Europe: An institutional mirror or substitute? Journal of Business Ethics, 94(3), 371–394.CrossRefGoogle Scholar
  85. Jakobsen, M., Johanson, I.-L., & Nørreklit, H. (2011). An Actor’s approach to management: Conceptual framework and company practices. Copenhagen: DJØF.Google Scholar
  86. Jensen, M. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review, 76(2), 323–329.Google Scholar
  87. Jensen, M. C. (2001). Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance, 14(3), 8–21.CrossRefGoogle Scholar
  88. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.CrossRefGoogle Scholar
  89. Jesson, J., & Lacey, F. (2006). How to do (or not to do) a critical literature review. Pharmacy Education, 6(2), 139–148.CrossRefGoogle Scholar
  90. Jones, T., & Wicks, A. (1999). Convergent stakeholder theory. Academy of Management Review, 24(2), 206–221.CrossRefGoogle Scholar
  91. Kiel, G. C., & Nicholson, G. J. (2003). Board composition and corporate governance: How the Australian experience informs contrasting theories of corporate governance. Corporate Governance, 11(3), 189–205.CrossRefGoogle Scholar
  92. Killian, S., & O’Regan, P. (2016). Social accounting and the cocreation of corporate legitimacy. Accounting, Organizations and Society, 50, 1–12.CrossRefGoogle Scholar
  93. Kim, J., Bach, S., & Clelland, I. (2007). Symbolic or behavioural management? Corporate reputation in high-emission industries. Corporate Reputation Review, 10(2), 77–98.CrossRefGoogle Scholar
  94. Lambert, R., Leuz, C., & Verrecchia, R. E. (2007). Accounting information, disclosure, and the cost of capital. Journal of Accounting Research, 45(2), 385–420.CrossRefGoogle Scholar
  95. Lang, M., & Lundholm, R. (1993). Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research, 31(2), 246–271.CrossRefGoogle Scholar
  96. Laplume, A. O., Sonpar, K., & Litz, R. A. (2008). Stakeholder theory: Reviewing a theory that moves US. Journal of Management, 34(6), 1152–1189.CrossRefGoogle Scholar
  97. Lapsley, I., & Wright, E. (2004). The diffusion of management accounting innovations in the public sector: A research agenda. Management Accounting Research, 15(3), 355–374.CrossRefGoogle Scholar
  98. Lárran, M., & Giner, B. (2002). The use of the internet for corporate reporting by Spanish companies. International Journal of Digital Accounting Research, 2(1), 53–82.Google Scholar
  99. Leary, M. R., & Kowalski, R. M. (1990). Impression management: A literature review and two component model. Psychological Bulletin, 107(1), 34–47.CrossRefGoogle Scholar
  100. Lindblom, C. K. (1994). The implications of organizational legitimacy for corporate social performance and disclosure. Paper presented at the Critical Perspectives on Accounting Conference, New York.Google Scholar
  101. Lodhia, S. (2010). Research methods for analysing web based sustainability communication. Social and Environmental Accountability Journal, 30(1), 26–36.CrossRefGoogle Scholar
  102. Luhmann, N. (1995). Social systems. Stanford, CA: Stanford University Press (originally published in German in 1984).Google Scholar
  103. Mahoney, L. S., Thorne, L., Cecil, L., & Lagore, W. (2013). A research note on standalone corporate social responsibility reports: Signalling or greenwashing? Critical Perspectives on Accounting, 24(4/5), 350–359.CrossRefGoogle Scholar
  104. Maines, L. A., & McDaniel, L. S. (2000). Effects of comprehensive-income characteristics on nonprofessional investors’ judgments: The role of financial-statement presentation format. The Accounting Review, 75(2), 179–207.CrossRefGoogle Scholar
  105. Masini, C. (1974). Lavoro e Risparmio [Work and Savings]. Turin: UTET.Google Scholar
  106. Matten, D., & Moon, J. (2008). ‘Implicit’ and ‘explicit’ CSR: A conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404–424.CrossRefGoogle Scholar
  107. Maunders, K. T. (1985). The decision relevance of value added reports. In F. Choi & G. G. Mueller (Eds.), Frontiers of international accounting: An anthology (pp. 225–245). Ann Arbor, MI: UMI Research Press.Google Scholar
  108. McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm perspective. The Academy of Management Review, 26(1), 117–127.CrossRefGoogle Scholar
  109. Melé, D. (2002). Not only stakeholders interests: The firm oriented towards the common good. In S. A. Cortright & M. J. Naughton (Eds.), Rethinking the purpose of business, interdisciplinary essays from Catholic social tradition (pp. 190–214). Notre Dame: Notre Dame University Press.Google Scholar
  110. Melé, D. (2012). The firm as a “community of persons”: A pillar of humanistic business ethos. Journal of Business Ethics, 106(1), 89–101.CrossRefGoogle Scholar
  111. Mellett, H., Marriott, N., & MacNiven, L. (2009). Diffusion of an accounting innovation: Fixed asset accounting in the NHS in Wales. European Accounting Review, 18(4), 745–764.CrossRefGoogle Scholar
  112. Merkl-Davies, D. M., & Brennan, N. M. (2007). Discretionary disclosure strategies in corporate narratives: Incremental information or impression management? Journal of Accounting Literature, 26, 116–196.Google Scholar
  113. Merkl-Davies, D. M., Brennan, N. M., & McLeay, S. J. (2011). Impression management and retrospective sense-making in corporate narratives: A social psychology perspective. Accounting, Auditing & Accountability Journal, 24(3), 315–344.CrossRefGoogle Scholar
  114. Messner, J. (1965). Social ethics: Natural law in the Western World. Trans, by Doherty J. J. St. Louis, MI: B. Herder Book.Google Scholar
  115. Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: Formal structures as myth and ceremony. The American Journal of Sociology, 83(2), 340–363.CrossRefGoogle Scholar
  116. Michelon, G., & Parbonetti, A. (2012). The effect of corporate governance on sustainability disclosure. Journal of Management and Governance, 16(3), 477–509.CrossRefGoogle Scholar
  117. Mintzberg, H. (2009). L’azienda come comunità. Harvard Business Review Italia, 9, 94–99.Google Scholar
  118. Mitchell, R. K., Angle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886.CrossRefGoogle Scholar
  119. Neu, D. (1991). Trust, impression management and the auditing profession. Critical Perspectives on Accounting, 2(4), 295–313.CrossRefGoogle Scholar
  120. Neu, D., Warsame, H., & Pedwell, K. (1998). Managing public impressions: Environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265–282.CrossRefGoogle Scholar
  121. Neville, B. A., & Menguc, B. (2006). Stakeholder multiplicity: Toward an understanding of the interactions between stakeholders. Journal of Business Ethics, 66(4), 377–391.CrossRefGoogle Scholar
  122. O’Brien, T. (2009). Reconsidering the common good in a business context. Journal of Business Ethics, 85(1), 25–37.CrossRefGoogle Scholar
  123. O’Donovan, G. (2002). Environmental disclosures in the annual report: Extending the applicability and predictive power of legitimacy theory. Accounting, Auditing & Accountability Journal, 15(3), 344–371.CrossRefGoogle Scholar
  124. Ohlson, J. A. (1995). Earnings, book values and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687.CrossRefGoogle Scholar
  125. Oliver, C. (1991). Strategic responses to institutional processes. The Academy of Management Review, 16(1), 145–179.CrossRefGoogle Scholar
  126. Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization Studies, 24(3), 403–441.CrossRefGoogle Scholar
  127. Owen, D. (2008). Chronicles of wasted time? A personal reflection on the current state of, and future prospects for, social and environmental accounting research. Accounting, Auditing & Accountability Journal, 21(2), 240–267.CrossRefGoogle Scholar
  128. Paganelli, O. (1976). Il sistema aziendale [The system of azienda]. Bologna: Clueb.Google Scholar
  129. Parker, L. D. (2005). Social and environmental accounting research: A view from the commentary box. Accounting, Auditing & Accountability Journal, 18(6), 824–860.CrossRefGoogle Scholar
  130. Perrini, F., & Tencati, A. (2006). Sustainability and stakeholder management: The need for new corporate performance evaluation and reporting systems. Business strategy & the Environment, 15(5), 296–308.CrossRefGoogle Scholar
  131. Plumlee, M. A. (2003). The effect of information complexity on analysts’ use of that information. The Accounting Review, 78(1), 275–296.CrossRefGoogle Scholar
  132. Poole, M., & Van de Ven, A. (2004). Handbook of organisational change and innovation. New York: Oxford University Press.Google Scholar
  133. Pope Francis. (2015). Laudato sì [Praised Be]. Encyclical Letter. Rome: Libreria Editrice Vaticana.Google Scholar
  134. Pope Saint John Paul II. (1979). Redemptor Hominis [The Redeemer of Man]. Encyclical Letter. Rome: Libreria Editrice Vaticana.Google Scholar
  135. Puro, M. (1984). Audit firm lobbying before the financial accounting standards board: An empirical study. Journal of Accounting Research, 22(2), 624–646.CrossRefGoogle Scholar
  136. Rawls, J. (1971). A theory of justice. Cambridge, MA: Harvard University Press.Google Scholar
  137. Riess, M., Rosenfeld, P., Melburg, V., & Tedeschi, J. T. (1981). Self-serving attributions: Biased private perceptions and distorted public descriptions. Journal of Personality and Social Psychology, 41(2), 224–231.CrossRefGoogle Scholar
  138. Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17(6), 595–612.CrossRefGoogle Scholar
  139. Rogers, E. M. (2003). Diffusion of innovations (5th ed.). New York: Free Press.Google Scholar
  140. Schatzki, T. R. (2001). Introduction, practice theory. In T. R. Schatzki, K. Knorr-Cetina, & E. von Savigny (Eds.), The practice turn in contemporary theory (pp. 1–14). London: Routledge.Google Scholar
  141. Schatzki, T. R. (2002). The site of the social: A philosophical account of the constitution of social life and change. University Park, PA: Pennsylvania State University Press.Google Scholar
  142. Schatzki, T. R. (2005). Peripheral vision: The sites of organizations. Organisation Studies, 26(3), 465–484.CrossRefGoogle Scholar
  143. Schlenker, B. R. (1980). Impression management: The self-concept, social identity, and interpersonal relations. Monterey, CA: Brooks-Cole Publishing.Google Scholar
  144. Schneider, D. J. (1981). Tactical self-presentations: Toward a broader conception. New York: Academic.Google Scholar
  145. Schreuder, H. (1979). Corporate social reporting in the federal republic of Germany: An overview. Accounting, Organizations and Society, 4(1/2), 109–122.CrossRefGoogle Scholar
  146. Searle, J. R. (1995). The construction of social reality. New York: Simon & Schuster.Google Scholar
  147. Searle, J. R. (2010). Making the social world: The structure of human civilization. Oxford: Oxford University Press.CrossRefGoogle Scholar
  148. Sen, S., Bhattacharya, C., & Korschun, D. (2006). The role of corporate social responsibility in strengthening multiple stakeholder relationships: A field experiment. Journal of the Academy of Marketing Science, 34(2), 158–166.CrossRefGoogle Scholar
  149. Senge, P. M. (1997). The fifth discipline. Measuring Business Excellence, 1(3), 46–51.CrossRefGoogle Scholar
  150. Shaoul, J. (1998). Critical financial analysis and accounting for stakeholders. Critical Perspectives on Accounting, 9(2), 235–249.CrossRefGoogle Scholar
  151. Shocker, A., & Sethi, P. (1973). An approach to incorporating societal preferences in developing corporate action strategies. California Management Review, 15(4), 97–105.CrossRefGoogle Scholar
  152. Simpson, S., Fischer, B. D., & Rhode, M. (2013). The conscious capitalism philosophy pay off: A qualitative and financial analysis of conscious capitalism corporations. Journal of Leadership, Accountability & Ethics, 10(4), 19–29.Google Scholar
  153. Singaraju, S. P., Nguyen, Q. A., Niininen, O., & Sullivan-Mort, G. (2016). Social media and value co-creation in multistakeholder systems: A resource integration approach. Industrial Marketing Management, 54, 44–55.CrossRefGoogle Scholar
  154. Sison, A. J. G. (2007). Towards a common good theory of the firm: The Tasubinsa case. Journal of Business Ethics, 74(4), 471–480.CrossRefGoogle Scholar
  155. Solomon, J., & Maroun, W. (2012). Integrated reporting: The influence of king III on social, ethical and environmental reporting. London: The Association of Chartered Certified Accountants.Google Scholar
  156. Soobaroyen, T., & Ntim, C. G. (2013). Social and environmental accounting as symbolic and substantive means of legitimation: The case of HIV/AIDS reporting in South Africa. Accounting Forum, 37(2), 92–109.CrossRefGoogle Scholar
  157. Stone, G. (2011). Let’s talk: Adapting accountants’ communications to small business managers’ objectives and preferences. Accounting, Auditing, & Accountability Journal, 24(6), 781–809.CrossRefGoogle Scholar
  158. Stone, G. (2012). The effectiveness of newsletters in accountants’ client relations with small business managers: An Australian qualitative study. Qualitative Research in Accounting and Management, 9(1), 21–43.CrossRefGoogle Scholar
  159. Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. The Academy of Management Review, 20(3), 571–610.CrossRefGoogle Scholar
  160. Sutton, T. G. (1984). Lobbying of accounting standard-setting in the UK and the USA: A downsian analysis. Accounting, Organizations and Society, 9(1), 81–95.CrossRefGoogle Scholar
  161. Sztompka, P. (1999). Trust: A sociological theory. Cambridge: Cambridge University Press.Google Scholar
  162. Tremblay, M.-S., & Gendron, Y. (2011). Governance prescriptions under trial: On the interplay between the logics of resistance and compliance in audit committees. Critical Perspectives on Accounting, 22(3), 259–272.CrossRefGoogle Scholar
  163. UNWED. (1987). Our Common Future. Report of the World Commission on Environment and Development.
  164. Van Wee, B., & Banister, D. (2016). How to write a literature review paper? Transport Reviews, 36(2), 278–288.CrossRefGoogle Scholar
  165. Verrecchia, R. E. (1983). Discretionary disclosure. Journal of Accounting and Economics, 5(1), 179–194.CrossRefGoogle Scholar
  166. von Bertalanffy, L. (1969). General system theory. New York: George Braziller.Google Scholar
  167. Vourvachis, P., Woodward, T., Woodward, D. G., & Patten, D. M. (2016). CSR disclosure in response to major airline accidents: A legitimacy-based exploration. Sustainability Accounting, Management and Policy Journal, 7(1), 22–43.CrossRefGoogle Scholar
  168. Wallace, W. A. (1977). The elements of philosophy: A compendium for philosophers and theologians. New York: Alba House.Google Scholar
  169. Watson, A., Shrives, P., & Marston, C. (2002). Voluntary disclosure of accounting rations in the UK. The British Accounting Review, 34(4), 289–313.CrossRefGoogle Scholar
  170. Watts, R., & Zimmerman, J. (1978). Towards a positive theory of the determination of accounting standards. The Accounting Review, 53(1), 112–134.Google Scholar
  171. Whittington, R. (2006). Completing the practice turn in strategy research. Organization Studies, 27(5), 613–634.CrossRefGoogle Scholar
  172. Whittington, R. (2011). The practice turn in organization research: Towards a disciplined transdisciplinarity. Accounting, Organisations and Society, 36(3), 183–186.CrossRefGoogle Scholar
  173. Wickens, C. D., & Carswell, C. M. (1995). The proximity compatibility principle: Its psychological foundation and relevance to display design. Human factors. The Journal of the Human Factors and Ergonomics Society, 37(3), 473–494.CrossRefGoogle Scholar
  174. Wild, S., & van Staden, C. (2013). Integrated Reporting: Initial analysis of early reporters – An institutional theory approach. Paper presented at the Seventh Asia Pacific Interdisciplinary Research in Accounting Conference.Google Scholar
  175. Zamagni, S. (Ed.) (1998). Nonprofit come Economia Civile [Nonprofit as Civil Economy]. Bologna: Il Mulino.Google Scholar
  176. Zamagni, S. (2013). Impresa Responsabile e Mercato Civile [Responsible Firm and Civil Market]. Bologna: Il Mulino.Google Scholar
  177. Zappa, G. (1920-29). La Determinazione del Reddito nelle Imprese Commerciali. I Valori di Conto in Relazione alla Formazione dei Bilanci [The Determination of Income in Commercial Enterprises. Accounting Values in Relation to the Formation of Financial Statements]. Rome: Anonima Libreria Romana.Google Scholar
  178. Zappa, G. (1927). Tendenze Nuove negli Studi di Ragioneria [New Trends in Accounting]. Opening Speech of the Academic Year 1926–1927 University of Venice. Milan: Istituto Editoriale Scientifico.Google Scholar
  179. Zappa, G. (1957). Le Produzioni nell’Economia delle Imprese [The Productions in the Economy of the Firms]. Milan: Giuffrè.Google Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Sheffield University Management SchoolUniversity of SheffieldSheffieldUK

Personalised recommendations